Wall Street wins bid to keep noncompete clauses in New York

By Chris Marr and Zach Williams
Published 4 Min Read

Aerial view on New York City
Bloomberg News

Gov. Kathy Hochul vetoed legislation that would have banned employee noncompetes in New York, after facing intense pressure from Wall Street, hospitals, and business groups that opposed the measure, according to sources familiar with the matter.

The legislation (S3100) rejected by Hochul Friday would have barred employers from imposing contract language that prohibits employees or other “covered individuals” from obtaining employment after leaving their current jobs.

Chris Marr and Zach Williams

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